Abbreviated Company Accounts - CORMIS PARTNERSHIP LIMITED

CORMIS PARTNERSHIP LIMITED - Company Information

07541770 CORMIS PARTNERSHIP LIMITED 2016-09-30 false 2015-10-01 2016-09-30 true 07541770 2015-10-01 2016-09-30 07541770 2016-09-30 07541770 2015-09-30 07541770 uk-gaap-cd-bus:Director1 2015-10-01 2016-09-30 07541770 uk-gaap-cd-bus:Director2 2015-10-01 2016-09-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-10-01 2016-09-30 uk-gaap-cd-bus:OrdinaryShareClass1 2016-09-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-09-30 iso4217:GBP shares

Registered Number 07541770

CORMIS PARTNERSHIP LIMITED

Abbreviated Accounts

30 September 2016

CORMIS PARTNERSHIP LIMITED Registered Number 07541770

Abbreviated Balance Sheet as at 30 September 2016

	Notes	2016	2015
		£	£
Called up share capital not paid		-	-
Fixed assets
Tangible assets	2	26,086	5,809
		26,086	5,809
Current assets
Stocks		133,086	68,000
Debtors		403,478	468,389
Cash at bank and in hand		62,054	295,526
		598,618	831,915
Prepayments and accrued income		66,738	12,974
Creditors: amounts falling due within one year		(240,505)	(313,351)
Net current assets (liabilities)		424,851	531,538
Total assets less current liabilities		450,937	537,347
Provisions for liabilities		(2,610)	-
Accruals and deferred income		(24,685)	(107,382)
Total net assets (liabilities)		423,642	429,965
Capital and reserves
Called up share capital	3	1,200	1,200
Profit and loss account		422,442	428,765
Shareholders' funds		423,642	429,965

For the year ending 30 September 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 12 June 2017

And signed on their behalf by:
Mr Daniel Masquelier, Director

CORMIS PARTNERSHIP LIMITED Registered Number 07541770

Notes to the Abbreviated Accounts for the period ended 30 September 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.

Tangible assets depreciation policy
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Fixtures & Fittings 4 years straight line
Computer Equipment 3 years straight line
Leasehold improvements 10 years straight line

2Tangible fixed assets

	£
Cost
At 1 October 2015	18,172
Additions	28,071
Disposals	0
Revaluations	-
Transfers	-
At 30 September 2016	46,243
Depreciation
At 1 October 2015	12,363
Charge for the year	7,794
On disposals	-
At 30 September 2016	20,157
Net book values
At 30 September 2016	26,086
At 30 September 2015	5,809

3Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
1,200 Ordinary shares of £1 each	1,200	1,200